MONACO — Stands are empty, hotel rooms available and tickets unsold.
Formula One’s most glamorous race, the Monaco GP, is feeling the pinch of the global financial crisis.
Formula One’s slim-downed, cost-conscious version arrives at the principality of Monaco, one of the world’s wealthiest states, for the 67th time. But the atmosphere is clearly different this year.
Although there will be movie stars and models frolicking aboard two-story yachts as always, the downturn has touched this tax haven that many F1 drivers call home.
Empty stands stood out in front of the harbor during Thursday’s first practice day and thousands of the 45,000 tickets were still available on Friday for Sunday’s 78-lap race…Â Details
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